MGT602 Grand Quiz by Junaid

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GRAND QUIZ
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JUNAID MALIK
AL-JUNAID INSTITUTE GROUP
MGT602 GRAND QUIZ
Q1: All of the following factors support the intrapreneurial environment EXCEPT:

 NO opportunity parameters
 Top management support
 Failure not allowed
 New ideas encouraged

Q2: Which one of the following factor decides the expansion and elimination of intrapreneurial units will
organization?

 Management
 Evaluation
 Reward
 Training

Q3: In which of the following entrepreneur operates a business using the trademark and agrees to pay a
fixed sum for use of the trademark?

 Turn key project


 Copyright collaboration
 Franchising
 Trade secrets sharing

Q4: Idea of new product is tested in potencial consumers to determine consumer acceptance at ---------
stage.

 Concept
 Product development
 Test marketing
 Commercialization

Q5: Sparkle toothpaste introduces its toothpaste by making its powder obsolete , this acted is called:

 Creative construction
 Destructive obsolescence
 Innovative destruction
 Creative destruction

Q6: All of the following are the characteristics which make an entrepreneur successful and it should be
adopted by the entrepreneurs,Except:

 Understanding the environment


 Discouraging bureaucratic environment
 Discourage open discussion
 Creating management option

Q7: Which of the following activities a traditional manager perform?


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 Centralized decision making
 Controlled flow of information
 Reactive approach in problem solving
 All of the given option

Q8: which of the following is the next stage to the product development stage of product planning and
development process?

 Idea stage
 Concept stage
 Test marketing stage
 Commercialization stage

Q9: GATT stands for:

 General agreement on tariffsand trade


 General agreement on trade and treasure
 General agreement on tariffs and treasure
 General agreement on the trade services

Q10: Which of the following perspective of business plan sound finantial projections?

 Entrepreneur perspective
 Marketing perspective
 Investor perspective
 All of the given option

Q11: which of the following factor helps the companies most to the flexible in adopting changes.

 Management decsisions
 Customers relation
 Technology
 Productivity

Q12: Which of the following is the intrapreneurial leadership characteristic?

 Strategic planning
 Encourage the team work
 Persistency
 All of the given option

Q13: Trademark which shows another meaning in a certain language is classified as :

 Coined mark
 Arbitrary mark
 Suggestive mark
 Descriptive mark
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Q14: External forces directly affect all of the following to a business setup , except:

 Segmentation strategies
 Products range
 Management structure
 Businesses diversification

Q15: Which of the following actually affects the valuations of currency of a part particular country?

 Barter system
 Population
 Balance of payment
 Production factors

Q16: Which of the following source ideally provides formal and information survey feedback as source
of new idea?

 Consumers
 Existing companies
 Distribution channels
 Federal government

Q17: Which of the following perspective of business plan considers the venture through the eyes of the
customer?

 Entrepreneur perspective
 Marketing perspective
 Investor perspective
 All of the given option

Q18: A small venture that supports the owners and usually does not grow is termed as:

 Foundation company
 Gazelle
 Lifestyle firm
 Base firm

Q19: Which of the following is the need tha truly compliments the desire to be your own boss.

 Need money
 Need of achievement
 Need of independence
 Need of dependence

Q20: ----------- spirit very impotant for making innovation and growth in an organization .

 Managerial
 Entrepreneurial
 Intrapreneurial
 Organization
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Q21:The successful intrapreneurs possess all the following individual characteristics EXCEPT;

 Understanding the environment


 Being visionary
 Being inflexible
 Encouraging open discussion

Q22:Which one of the following culture has a climate and reward system that favors conservation
decision making

 Entrepreneurial
 Intrapreneurial
 Corporate
 Open cultur

Q23:Which of the following country is a major entrepreneurial center?

 France
 Poland
 Hong kong
 Japan

Q24: Entrepreneurs ability to meet debt and interest payment is tagged as -----------among the Cs.

 Character
 Collateral
 Contribution
 Cash flow

Q25: All of the following factors support the intrapreneurial environment EXCEPT :

 No apportunity parameters
 Top management support
 Failure not allowed
 New ideas encouraged

Q26: Moral support network includes following ,except:

 Spouses
 Friends
 Business associate
 Relatives

Q27:Which of the following is not a part of anintrapreneurial culture?

 To take responsible and ownership


 To b rewarded for the action taken
 To introduce ideas
 To limit yourself to the job description

Q28: which of the following gives -20 year registration with 20-year renewable terms?
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 Patent
 Copyright
 Trademarks
 Trade secrets

Q29: Which of the following describes the statement ; “method of stimulating ,and then capitalizing on ,
individuals in an organization who think that something can be done differently and better ‘’

 Entrepreneurship
 Intrapreneurship
 Managerial domain
 Administrative domain

Q30: In which source of new idea , laws and regulation of country help to generate new ideas?

 Existing companies
 Distribution channels
 Federal government
 Research and development

Q31: North American Free Trade Agreement (NAFTA) has been between U.S, Canada and -------------- .

 Cuba
 Mexico
 Panama
 Jamaica

Q32: Which one of the following term best describes a professional money manager who makes risk
investment to obtain a high rate of return on the investment ?

 Entrepreneur
 Venture capitalist
 Corporate entrepreneur
 Intrapreneur

Q33: Which of the following source of new ideas is considered as largest source of new ideas?

 Existing companies
 Distribution channels
 Federal government
 Research and development

Q34: In which of the following method a new idea is development through a list related issues?

 Gordon method
 Checklist method
 Free association method
 Collective notebook method

Q35:Which of the following should not be included in the introductory page of the business plan?
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 Names of business
 The name of entrepreneurs
 Executive summary
 Addresses of business

Q36: Which of the following method provides information in a structured formate?

 Focus group
 Brainstorming
 Reverse brainstorming
 Problem inventory analysis

Q37:Which of the following section in patent application contains a description of the drawings?

 Introduction section
 Claims section
 Invention section
 None of the given option

Q38: Which of the following is alternatively called as corporate venturing ?

 Entrpreneurship
 Intrapreneurship
 Bureaucracy
 Corporation

Q39: Which of the following precisely refers to the services involving indirect pa payment for good
through another source?

 Third party payment


 Non-equity arrangment
 Third party exports
 Third party arrangement

Q40: All of the following characteristics exists in the firms having traditional cultural EXCEPT:

 Established procedures
 Lines of authority
 Control mechanisms
 Empowerment

Q41:Which of the following source ideally provides and in formal survey feedback as source of new
idea?

 Consumers
 Existing companies
 Distribution channels
 Federal government

Q42: Which of the following plan completely describes the manufacturing process?
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 Manufacturing plan
 Marketing plan
 Financial plan
 All of the given options

Q43: Which of the following gives inventor the rightsof using and selling is own invention?

 Embargo
 Copyright
 Quota
 Treaty

Q44: Which of the following is not covered by federal law but is recognized under common laws in each
state?

 Patent
 Copy right
 Trademarks
 Trade secrets

Q45:which of the following is an unstructured process for generation all possible ideas with criticism
allowed?

 Focus group
 Brainstorming
 Reverse brainstorming
 Problem inventory analysis

Q46:Which of the following set of individuals has the primary motive of independence and ability to
advance in the corporate rewards?

 Traditional managers
 Entrepreneurs
 Intrapreneurs
 Administrative managers

Q47:Which of the following may be a word ,symbol , design, or some combination that identifies the
source of certain goods?

 Patent
 Copyright
 Trademarks
 Trade secrets

Q48:Combining two or more independent companies into a single new company is called as :

 Joint venture
 Merger
 Compartment
 Nationalization
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Q49: Which of the following factor has allowed small companies to act like they are big ones ?

 Human resource
 Finances
 Technology
 Customers

Q50: Which of the following protects the owner from anyone else making , using selling the identifies
innovation ?

 Utility patent
 Trade mark
 Trade name
 Embargo

Q51: Which of the following term best describes the different between the value of a country ‘s imports
and exports?

 Deficit exports
 Deficit imports
 Balance of payment
 Balance of debt

Q52: Giving patent rights in return of royalty to foreign manufacturer is termed as :

 Franchising
 Licensing
 Foreign direct investment
 Internationalization of patents

Q53: Which of the following factor helpsthe companies most to be flexible in adopting changes .

 Management decsisions
 Customers relations
 Technology
 Productivity

Q54: Which of the following plan describes how the products will b distributed, period and promotion ?

 Manufacturing plan
 Marketing plan
 Financial plan
 All of the given options

Q55: which of the following describe the statement”entrepreneurship within an existing organization”?

 Intrapreneurship
 Entrepreneurship
 High potential venture
 Gazelles
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Q 56:which of the analysis will be helpful to get information aboutyour rivals?

 SWOT Analisis
 PEST Analysis

 Competitior Analysis

 Strategic Analisis

Q 57:which of the following best describe the statement” new product development with significance
technological changes?

 Iterative synthesis
 Ordinary innovation
 Technology innovation
 Breakthrough innovations

Q58: Which of the following term best describes a professional money manager who makes risk
investment to obtain a high rate of return on the investment ?

 Entrepreneur
 Venture capitalist
 Corporate entrepreneur
 Intrapreneur

Q59: The entrepreneur must possess the abilities of:

 Creativity
 leadership
 understanding environment
 all of the given options

Q60:All of the following are the types of non equity arrangement , except:

 licensing
 management contract
 direct export
 turnkey projects

Q61: Lenders are primary interested in the entrepreneur’s:

 Personal networking
 Ability to pay back loan
 Educational capabilities
 Demographics

Q62:The return and reward of the parents opportunity is viewed in light of any possible subsequent
opportunities comes under which stage of entrepreneurial process?
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 Identifying and evaluating the opportunity
 Development business plan
 Determine the resources required
 Manage the enterprise

Q63: Which of the following is the most important element to trigger the necessary changes within
an organization ?

 Team efforts
 Finance
 Reward system
 Top management commitment

Q64:which of the following section in patent application offers all details of possible infringements and
their remedies?

 Introduction section
 Claims section
 Invention section
 Description section

Q65:which of the following option tells about entrepreneurs credit history?

 Cost
 Character
 Collateral
 Contribution

Q66: which of the following is the objective of GATT as an organization ?

 Impose imports quotas


 Liberalize trade by reducing quotas
 Imposes tariffs
 Increases tariffs

Q67:which of the following is a comprehensive written document describing all the relevant elements
involved in starting a new venture?

 Business plan
 Company plan
 Process plan
 Marketing plan

Q68: Which of the following is the intrapreneurial leadership characteristics?

 Strategic planning
 Encourage the team work
 Persistency
 All of the given option
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Q69:The method of exchange without involvement of money is termed as:

 Barter system
 Goods trading
 Resource trading
 Resource exchange

Q70: Tangible assets appearing in a loan application represent:

 Revenue
 Character
 Contribution
 Collateral

Q71: An individual need of being his /her own boss is also called as need of:

 Independence
 Achievement
 Affiliation
 Authority

Q72:In which of the following area , getting education is necessary for the entrepreneur?

 Finance
 Marketing
 Strategic planning
 All of the given option

Q73:If your equity is more than 50 percent of company’s complete shares, then you have :

 Majority interest
 Minority interest
 Full interest
 Partial interest

Q74: In which of the following method a new idea is development through a list of related issues?

 Gordon method
 Checklist method
 Free association method
 Collective notebook method

Q75:Which of the following arrangement allow the entrepreneur to enter a market without equality
investment in the foreign market ?

 Equity arrangement
 No equity arrangement
 Full equity arrangement
 Half equity arrangement
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Q76: which of the following culture has a claim and reward system that favors conservative decision
making?

 Entrepreneurial
 Intrapreneurial
 Corporate
 Open culture

Q77: Lenders are primarily interested in the entrepreneur’s :

 Personal networking
 Ability to pay back loan
 Educational capabilities
 Demographic

Q78:Which of the following option best describes the attributes of an entrepreneurs internal locus of
control ?

 Self motivation
 Accomplishment
 Power of influence
 All of the given option

Q79:which of the following offers moral support network for entrapeneurs?

 Trade association
 Professional affiliations
 Teacher
 Business associates

Q80:Which of the following gives inventor the rights of using and selling his own invention?

 Embargo
 Copyright
 Quota
 Treaty

Q81:Professional support network includes all of the following ,except :

 Industry
 Mentors
 Trade associations
 Friends

Q82:Atrademark showing no relationship between the mark and the goods and also afford the
possibility of expansion , is classified as :

 Coined mark
 Arbitrary mark
 Suggestive mark
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 Descriptive mark

Q83: Which of the following product safety and liability claim can be used when the product was
defective prior to its receipt?

 Negligence
 Warranty
 Strict liability
 Misrepresentation

Q 83:suppose an employee of the shoe maker firm suggest the management to introduce a new ladies
shoe brand in the market, this act will be called as:

 Managerial act
 Entrepreneurial act
 Intrepreneurial act
 Organization act

Q 84:which of the following of business plan should begin with mission statement?

 Financial plan
 Executive summary
 Industry analysis
 Description of venture

Q 85: the amount paid to the actual inventor by the mere user of a particular intellecutual property is
termed as;

 Loyalty fee
 Poyalty
 Rovelty
 Licensing fee

Q85: Entrepreneurs usually confront with the following types of risks

 Psychological risks
 Financial risks
 Social risk
 All of the given option

Q86:Warranty is a type of :

 Claim
 Restriction
 Patent
 Liability

Q87: Following are the guiding principles in a tradition of corporate culture Except:

 Following the line of command


 Achieve target
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 Do not fail
 Take initiative

Q88: Which of the following is not ncluded in four C’s of evaluation by the lenders?

 Character
 Cost
 Continuity
 Contribution

Q89: Which of the following is considered in economic and environment analysis study ?

 Gross national product


 Disposable income
 Unemployment
 All of the given option

Q90:Which of the following is an understanding process for generating ideas with criticism allowed?

 Focus group
 Brainstorming
 Reverse brainstorming
 Problem inventory analysis

Q91Business expansion scheme was introduced in 1983 to provide capital to new business ventures in:

 U.S
 U.K
 China
 Russia

Q93:Which of the following factor has allowed small companies to act like they are big ones?

 Human resource
 Finances
 Technology
 Customers

Q94:Which of the following section in patent application offers all detail of possible infringements and
their remedies?

 Introduction section
 Claims section
 Invention section
 Description section

Q95:An entrepreneur into hosiery business found out the reason that his hosiery items were not selling
due to its color. What could be the best source of this information ?

 Supplier
 Retailer
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 Competition
 Government bureau

Q96: Which of the following analysis entrepreneur will use to analyze the economic and cultural trends
of country ?

 Industry
 Environment analysis
 Competitor analysis
 SWOT analysis

Q97:Which of the following plan completely describes the manufacturing process?

 Manufacturing plan
 Marketing plan
 Financial plan
 All of the given option

Q98:Which of the following areas are preferred by women job seekers?

 Administration
 Finance
 Manufacturing
 Marketing

Q99: In technical sense anything over 50 percent of the equity of the firm is called:

 Big interest
 Complete interest
 Full interest
 Majority interest

Q100:Which of the following ‘’C’’ of credit lender represents the amount of personal equity in the
whole investment by the entrepreneur?

 Cost
 Character
 Collateral
 Contribution

Q101:Tangible assets appearing in a loan application represent:

 Revenue
 Character
 Contribution
 Collateral

Q102:Which of the following creates urge to start a new business:

 Family
 Friend
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 Teacher
 All of the given option

Q103:The character of an individual describing his /her degree of influence and control on the people is
called :

 Locus of control
 Motion of control
 Locus of influence
 Gain of control

Q104:Which of the following is the part of intellectual property right?

 Patent
 Trade mark
 Trade secrets
 All of the given option

Q105: Which of the given attribute is least associated with an entrepreneur?

 Adaptability
 Innovation
 Imitation
 Risk taking

Q106:Patent trademarks and copyright are the generally called :

 Property rights
 Actual property rights
 Real property right
 Intellectual property rights

Q107:which of the following term best describes the different between the value of a country ‘s imports
and exports?

 Deficit exports
 Deficit imports
 Balance of payment
 Balance of debt

Q108:Which of the following choice offers the firms synergy , competitive advantage and reduction in
operational cost of business while expanding inn the international market?

 Acquisition
 Joint venture
 Majority interest
 Indirect e exporting

Q109: The least describes factor for an entrepreneur with entrepreneurial finance is :

 Low interest
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 High rate of return
 Fixed interest rate
 High interest rate

Q110:which of the following country is a major entrepreneurial center?

 France
 Poland
 Hong kong
 Japan

Q111:Individual who help the entrepreneur in business activities are categorized as:

 Professional support network


 Individuals network
 Market support network
 Industry support network

Q112:Giving patent rights in return of royalty to foreign manufacture is termed as:

 Franchising
 Licensing
 Foreign direct investment
 Internationalization of patents

Q 113:moral support network includes following ,expect:

 Spouses
 Friends
 Business associate
 Relatives

Q 114:time period available for creating a new venture is called :

 Opportunity window
 Venture space
 Business window

Q 115:in which the following region business failure is considered as social disgrace?

 Far east
 Europe
 Central Asia
 Transition economics countries

Q 116:which of the following does not belong to internal locus of control?

 Self motivation
 Accomplishment
 Power of influence
 Fate
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Q 117:the technique of developing a new idea by thinking about constraints is called:

 Big dream approach


 Gordon method
 Ground method
 Matrix charting

Q 118:which of the following factor has allowed small companies to act like they are big ones?

 Human resources
 Finances
 Technology
 Customers

Q119:licensing a manufacturer giving a foreign manufacture the right to use all of the following,expect:

 Patent
 Trademark
 Technology
 Investment

Q 119:all of the following factors supports the intrapreneurial environment EXCEPT:

 No opportunity parameters
 Top management support
 Failure not allowed
 New ideas encouraged

Q 120:which of the following country ‘s administrative structure discourages innovative


entrepreneurship?

 Singapore
 Japan
 American
 Hong kong

Q 121:which of the following arrangement allow the entrepreneur to enter a market without direct
equity investment in the foreign market?

 Equity arrangement
 No equity arrangement
 Full equity arrangement
 Half equity arrangement

Q 122:which of the following is the part of intellectual property right?

 Patient
 Trade marks
 Trade secrets
 All given option
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Q 123:which of the following external environment force can easily analyze the market growth rate?

 Political
 Social
 Economical
 Technological

Q124:individuals usually stay away from entrepreneurs due to:

 Fear of failure
 Risk factor
 Financial constraint
 All of the given option

Q 125:which of the following option is most closely associated with entrepreneurial risk taking attribute?

 Risk aversion
 Risk management
 Risk taking
 Non of the given options

Q 126:which of the following is the best method for developeding new idea by looking at the positives
and negatives of an item?

 Free association
 Attribute listing
 Forced relationship
 Value analysis

Q 127:all of the following are the characteristics which make an entrepreneur successful,EXCEPT.

 Discouraging bureaucratic environment


 Discourage open discussion
 Understanding the environment
 Creating management options

Q 128:which of the following is a distinctive of reverse brainstorming in comparison of brainstorming


method?

 Low quantity method


 Criticism is allowed
 Individuals are unaware of problem
 No time limit

Q 129:which of the following document an entrepreneur should first file to establish a date of
conception ?
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 Patent
 Disclosure document
 Statutory report
 Copyright ballot

Q 130:which one of the following is a method for obtaining new ideas and solution by focusing on
problem?

 Problem inventory
 Gordon method
 Checklist method
 Scientific method

Q 131:which of the following is the formation of a new business in which two firm share the equity?

 Merger
 Joint venture
 Management contract
 All of the given option

Q 132:the act of selling product to a ”foreign sale office “ that is located in the host country is anb
example of:

 Indirect exporting
 Direct exporting
 Bartering
 Joint selling

Q133:which of the following is the need that truly compliments the desire to be your own boss.

 Need of money
 Need of achievement
 Need of independence
 Need of dependence

Q 134:if your equity is more than 50%of company complete shares , then you have:

 Majority interest
 Minority interest
 Full interest
 Partial interest

Q 135:which one of the following is the most valuable factor while bringing in the intrapreneurial culture
within an organization ?

 Economical
 Technological
 Political
 Social
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Q 136:which of the following is a sound strategic option for an organization when its purpose is to get
the 100%ownership in the international business operation?

 Mergers acquisition
 Joint venture
 Minority interest
 Indirect exporting

Q137:which of the following perspective of business plan considers the venture through the eyes of the
customer ?

 Entrepreneur perspective
 Marketing perspective
 Investor perspective
 All of the giving option

Q 138:decision regarding source of business finance for initial venture is exactly made stage of:

 Organizational planning
 Financial planning
 Marketing planning
 Operational planning

Q 139:which of the following allows the purchasing country to gain foreign expertise without turning
ownership over to a foreigner?

 Turn key project


 Licensing
 Direct exporting
 Management contracts

Q 140:an entrepreneur is one who brings resources ,labor ,material and other assets into combination
that marks their value greater than before this view is of:

 Economists
 Psychologists
 Sociologists
 Scientists
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